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As investors up their bets on the company that virtually makes all chips used in generative AI such as ChatGPT, its stock has surged 13% in the past week and tripled in value so far this year

INDIA VIX dip below 12 signifies a potential subsiding of market volatility. Amidst this backdrop, investors are encouraged to exercise prudence, weighing the benefits of profit booking while considering the promising prospect of entering the market for the long haul

The Qatar Investment Authority is set to invest $1 billion in Reliance Retail Ventures, valuing the company at $100 billion. This is a significant increase from its previous valuation of $43 billion in 2020. The investment reflects the growth and potential of Reliance Retail Ventures, which has seen an increase in its customer base and operates through an integrated offline and online network. The deal is seen as a positive development for Reliance Industries and highlights the strength of its retail business.

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Stocks that were in focus included names like Hitachi Energy, which was up more than 3%, KPIT Technologies, which rose 4% to hit a fresh all-time high, and Linde India, which also rose nearly 3% to a fresh high on Wednesday.

FY24 EPS IS ESTIMATED BETWEEN 8.75 AU CPS AND 9.70 AU CPS Source text for Eikon: Further company coverage:

"The big trigger now is that corporates will start looking at better performance ahead. One of the biggest inflation triggers is on the commodity side. Many of the companies, be it on the industrial side be or on the capital goods sides, are exposed to a large inflation footprint that came in with the commodities surge. That is now gradually abating and could provide the next possible trigger for most of the goods manufacturing companies."

Tata Communications in a regulatory filing said the isuance will be done on a private placement basis to eligible investors. The company will issue a total of 1,75,000 NCDs of face value Rs 1,00,000 each aggregating to ₹1,750 crore, the filing said.

While the EBITDA margin improved by a healthy 581bps /234bps YoY/QoQ amid normalizing cost inflation and stabilizing prices

"The cost of funds has increased in the last 15 months by almost 250 basis points of repo rate increase and almost 150 bp of MCLR increase across the banks. But Grameen has been able to contain the increase in cost of borrowing by only 60 bps in the last 15 months. That is a tremendous and commendable achievement."